Goldman Sachs preferreds decline; AT&T’s $25-par notes weaken; NiSource improves

By James McCandless

San Antonio, Dec. 18 – The Tuesday session of preferred trading ended mixed on robust volume.

At the top of the secondary, Goldman Sachs Group, Inc.’s series D and series A floating-rate non-cumulative preferred stock declined.

The series D preferreds (NYSE: GSPrD) were down 13 cents to close at $17.47 on volume of about 590,000 shares.

On Monday, the series D preferreds fell 40 cents.

The series A preferreds (NYSE: GSPrA) lost 16 cents to close at $17.60 on volume of about 261,000 shares.

On Monday, the series A preferreds lost 38 cents.

Elsewhere in finance, JPMorgan Chase & Co.’s 5.75% series DD non-cumulative preferreds gained slightly.

The preferreds (NYSE: JPMPrD) picked up 1 cent to close at $24.50 with about 403,000 shares trading.

Bank of America Corp.’s 5.875% series HH non-cumulative preferred stock (NYSE: BACPrK) was up 7 cents to $24.34 on volume of about 370,000 shares.

In telecom, AT&T, Inc.’s 5.35% global notes due 2066 fell.

The notes (NYSE: TBB) declined by 9 cents to close at $22.03 with about 261,000 notes trading.

Utilities name NiSource Inc.’s recent series B fixed-rate reset cumulative redeemable perpetual preferred stock improved.

The preferreds, trading under the temporary symbol “NISOP,” rose 1 cent to close at $24.96 on volume of about 242,000 shares.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.